{"id":502390,"date":"2022-09-15T10:40:00","date_gmt":"2022-09-15T10:40:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=502390"},"modified":"2022-09-15T10:46:43","modified_gmt":"2022-09-15T10:46:43","slug":"crypto-market-hasnt-bottomed-yet-analyst-says-more-pain-ahead","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-market-hasnt-bottomed-yet-analyst-says-more-pain-ahead\/","title":{"rendered":"Crypto Market Hasn’t Bottomed Yet, Analyst Says – More Pain Ahead?"},"content":{"rendered":"
Notable crypto market analyst Willy Woo has just issued an appraisal on Bitcoin’s performance in the coming months or maybe year.<\/strong><\/p>\n His analysis shows that the coin has not bottomed out yet.<\/p>\n On Twitter, he said:<\/p>\n \u201cIn terms of max pain, the market has not felt the same pain as prior bottoms. We can see this in the blue line (supply in profit by @glassnode). We have only reached 52% of coins being underwater so far. Prior bottoms were 61%, 64%, 57%,\u201d Woo said on his recent tweet detailing his analysis.”<\/strong><\/p><\/blockquote>\n Bitcoin is highly associated with the S&P 500 Index which fell after the US Federal Reserve’s CPI announcement earlier this week. The announcement highlighted the highest annual inflation rate, which was 8.3 percent.<\/p>\nCrypto Market And Its Correlation With Stocks<\/h2>\n